The Europe Operational Analytics Market is expected to witness market growth of 13.3% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Operational Analytics Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $1.81 billion by 2031. The UK market is exhibiting a CAGR of 12.3% during 2024-2031. Additionally, the France market would experience a CAGR of 14.1% during 2024-2031.
The integration of IoT and these analytics has brought forth a revolution in asset management and monitoring, allowing companies to track and optimize the performance of physical assets with unprecedented accuracy. According to the Bank’s Digital Progress and Trends Report 2023, in 2022, more than 13 billion IoT devices were in use. Driven largely by the almost real-time connectivity of 5G technology, these devices are expected to more than double between 2023 and 2028.
The rise of cloud technology is another key factor propelling the growth of this market. According to IDC, by 2024, over 90% of enterprises will utilize a mix of private clouds, multiple public clouds, and on-premises infrastructure to support their applications. Cloud-based analytics platforms offer scalability, flexibility, and cost-effectiveness, making them accessible to businesses of all sizes.
This market in France is growing due to the nation’s emphasis on sustainable and efficient business practices. Sectors like energy, transportation, and manufacturing are adopting analytics to optimize resource usage, reduce emissions, and comply with environmental regulations. The French government’s commitment to sustainable industry transformation is evident through policies such as the Energy Transition Law, which encourages companies to adopt greener operations. France’s “Industrie du Futur” initiative also supports industries in modernizing and digitalizing, further driving operational analytics adoption, especially among companies looking to align with environmental goals. Therefore, the region will present lucrative growth opportunities for the market throughout the forecast period.
The Germany market dominated the Europe Operational Analytics Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $1.81 billion by 2031. The UK market is exhibiting a CAGR of 12.3% during 2024-2031. Additionally, the France market would experience a CAGR of 14.1% during 2024-2031.
The integration of IoT and these analytics has brought forth a revolution in asset management and monitoring, allowing companies to track and optimize the performance of physical assets with unprecedented accuracy. According to the Bank’s Digital Progress and Trends Report 2023, in 2022, more than 13 billion IoT devices were in use. Driven largely by the almost real-time connectivity of 5G technology, these devices are expected to more than double between 2023 and 2028.
The rise of cloud technology is another key factor propelling the growth of this market. According to IDC, by 2024, over 90% of enterprises will utilize a mix of private clouds, multiple public clouds, and on-premises infrastructure to support their applications. Cloud-based analytics platforms offer scalability, flexibility, and cost-effectiveness, making them accessible to businesses of all sizes.
This market in France is growing due to the nation’s emphasis on sustainable and efficient business practices. Sectors like energy, transportation, and manufacturing are adopting analytics to optimize resource usage, reduce emissions, and comply with environmental regulations. The French government’s commitment to sustainable industry transformation is evident through policies such as the Energy Transition Law, which encourages companies to adopt greener operations. France’s “Industrie du Futur” initiative also supports industries in modernizing and digitalizing, further driving operational analytics adoption, especially among companies looking to align with environmental goals. Therefore, the region will present lucrative growth opportunities for the market throughout the forecast period.
List of Key Companies Profiled
- Microsoft Corporation
- Oracle Corporation
- SAS Institute Inc.
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Google LLC
- Hewlett Packard Enterprise Company
- IBM Corporation
- SAP SE
- Teradata Corporation
- TIBCO Software, Inc. (Vista Equity Partners Management, LLC)
Market Report Segmentation
By Type
- Software
- Service
- Managed Services
- Professional Services
By Business Function
- Information Technology (IT)
- Sales & Marketing
- Finance
- Human Resources (HR)
- Other Business Function
By Application
- Predictive Asset Maintenance
- Risk Management
- Fraud Detection
- Supply Chain Management
- Customer Management
- Other Application
By Deployment Model
- Cloud
- On-premises
By Industry Vertical
- Telecommunication
- Retail & Consumer Goods
- Manufacturing
- Government & Defense
- Energy & Utilities
- Healthcare
- Other Industry Vertical
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Europe Operational Analytics Market by Type
Chapter 6. Europe Operational Analytics Market by Business Function
Chapter 7. Europe Operational Analytics Market by Application
Chapter 8. Europe Operational Analytics Market by Deployment Model
Chapter 9. Europe Operational Analytics Market by Industry Vertical
Chapter 10. Europe Operational Analytics Market by Country
Chapter 11. Company Profiles
Companies Mentioned
Some of the leading companies profiled in this Europe Operational Analytics Market report include:- Microsoft Corporation
- Oracle Corporation
- SAS Institute Inc.
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Google LLC
- Hewlett Packard Enterprise Company
- IBM Corporation
- SAP SE
- Teradata Corporation
- TIBCO Software, Inc. (Vista Equity Partners Management, LLC)
Methodology
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